adidas AG (ADDYY) Now Covered by Analysts at Piper Jaffray Cos.
Equities research analysts at Piper Jaffray Cos. began coverage on shares of adidas AG (NASDAQ:ADDYY) in a report released on Thursday, The Fly reports. The firm set an “overweight” rating on the stock.
Several other equities research analysts have also recently weighed in on the company. Barclays PLC reissued a “hold” rating on shares of adidas AG in a research report on Tuesday, October 4th. Zacks Investment Research raised adidas AG from a “hold” rating to a “buy” rating and set a $97.00 target price for the company in a research report on Monday, October 3rd. Robert W. Baird cut adidas AG to a “neutral” rating and set a $80.00 target price for the company. in a research report on Friday, September 2nd. HSBC cut adidas AG from a “buy” rating to a “hold” rating in a research report on Friday, September 2nd. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of adidas AG in a research report on Thursday, July 28th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. adidas AG currently has a consensus rating of “Hold” and a consensus target price of $88.50.
adidas AG (NASDAQ:ADDYY) traded down 0.80% during mid-day trading on Thursday, reaching $85.07. 48,685 shares of the company’s stock traded hands. adidas AG has a 12 month low of $43.28 and a 12 month high of $88.85. The stock has a market capitalization of $34.06 billion and a PE ratio of 33.97. The firm’s 50-day moving average price is $85.06 and its 200 day moving average price is $73.01.
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Hedge funds and other institutional investors have recently modified their holdings of the stock. Reliance Trust Co. of Delaware bought a new position in shares of adidas AG during the second quarter worth about $236,000. Sterling Capital Management LLC bought a new position in shares of adidas AG during the second quarter worth about $249,000. World Asset Management Inc boosted its position in shares of adidas AG by 8.3% in the second quarter. World Asset Management Inc now owns 25,896 shares of the company’s stock worth $1,848,000 after buying an additional 1,988 shares during the last quarter. Todd Asset Management LLC bought a new position in shares of adidas AG during the second quarter worth about $2,237,000. Finally, Teachers Retirement System of The State of Kentucky bought a new position in shares of adidas AG during the second quarter worth about $2,237,000.
adidas AG Company Profile
adidas AG and its subsidiaries design, develop, produce and market a range of athletic and sports lifestyle products. The Company’s segments include Western Europe; North America; Greater China; Russia/CIS; Latin America; Japan; Middle East, South Korea, Southeast Asia/Pacific (MEAA); TaylorMade-adidas Golf; Reebok-CCM Hockey; Runtastic, and Other centrally managed business.
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